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Side-by-side financial comparison of American Homes 4 Rent (AMH) and CSW INDUSTRIALS, INC. (CSW). Click either name above to swap in a different company.
American Homes 4 Rent is the larger business by last-quarter revenue ($455.0M vs $233.0M, roughly 2.0× CSW INDUSTRIALS, INC.). American Homes 4 Rent runs the higher net margin — 31.7% vs 4.4%, a 27.3% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs 3.6%).
American Homes 4 RentAMHEarnings & Financial Report
American Homes 4 Rent, doing business as AMH, is a real estate investment trust based in Las Vegas, Nevada, that invests in single-family rental homes. As of December 31, 2019, the company owned 52,552 homes in 22 states. Its largest concentrations are in Atlanta, Dallas-Fort Worth, and Charlotte, North Carolina.
AMH vs CSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $233.0M |
| Net Profit | $144.3M | $10.3M |
| Gross Margin | — | 39.7% |
| Operating Margin | — | 7.4% |
| Net Margin | 31.7% | 4.4% |
| Revenue YoY | 4.2% | 20.3% |
| Net Profit YoY | 0.3% | -61.9% |
| EPS (diluted) | $0.33 | $0.62 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $455.0M | $233.0M | ||
| Q3 25 | $478.5M | $277.0M | ||
| Q2 25 | $457.5M | $263.6M | ||
| Q1 25 | $459.3M | $230.5M | ||
| Q4 24 | $436.6M | $193.6M | ||
| Q3 24 | $445.1M | $227.9M | ||
| Q2 24 | $423.5M | $226.2M | ||
| Q1 24 | $423.6M | $210.9M |
| Q4 25 | $144.3M | $10.3M | ||
| Q3 25 | $116.8M | $40.7M | ||
| Q2 25 | $123.6M | $40.9M | ||
| Q1 25 | $128.7M | $35.1M | ||
| Q4 24 | $143.9M | $26.9M | ||
| Q3 24 | $87.6M | $36.1M | ||
| Q2 24 | $108.5M | $38.6M | ||
| Q1 24 | $128.1M | $31.8M |
| Q4 25 | — | 39.7% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | 43.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 47.5% | ||
| Q1 24 | — | 44.4% |
| Q4 25 | — | 7.4% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 20.8% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 22.6% | ||
| Q2 24 | — | 24.3% | ||
| Q1 24 | — | 21.0% |
| Q4 25 | 31.7% | 4.4% | ||
| Q3 25 | 24.4% | 14.7% | ||
| Q2 25 | 27.0% | 15.5% | ||
| Q1 25 | 28.0% | 15.2% | ||
| Q4 24 | 33.0% | 13.9% | ||
| Q3 24 | 19.7% | 15.8% | ||
| Q2 24 | 25.6% | 17.1% | ||
| Q1 24 | 30.2% | 15.1% |
| Q4 25 | $0.33 | $0.62 | ||
| Q3 25 | $0.27 | $2.41 | ||
| Q2 25 | $0.28 | $2.43 | ||
| Q1 25 | $0.30 | $2.05 | ||
| Q4 24 | $0.33 | $1.60 | ||
| Q3 24 | $0.20 | $2.26 | ||
| Q2 24 | $0.25 | $2.47 | ||
| Q1 24 | $0.30 | $2.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $108.5M | $40.2M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $1.1B |
| Total Assets | $13.2B | $2.3B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $40.2M | ||
| Q3 25 | $45.6M | $31.5M | ||
| Q2 25 | $323.3M | $38.0M | ||
| Q1 25 | $69.7M | $225.8M | ||
| Q4 24 | $199.4M | $213.8M | ||
| Q3 24 | $162.5M | $273.2M | ||
| Q2 24 | $718.4M | $18.9M | ||
| Q1 24 | $124.8M | $22.2M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $4.9B | $800.1M | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $4.5B | $166.0M |
| Q4 25 | $7.0B | $1.1B | ||
| Q3 25 | $7.2B | $1.1B | ||
| Q2 25 | $7.2B | $1.1B | ||
| Q1 25 | $7.2B | $1.1B | ||
| Q4 24 | $7.2B | $1.0B | ||
| Q3 24 | $7.0B | $1.0B | ||
| Q2 24 | $7.0B | $650.2M | ||
| Q1 24 | $7.0B | $615.7M |
| Q4 25 | $13.2B | $2.3B | ||
| Q3 25 | $13.3B | $1.5B | ||
| Q2 25 | $13.6B | $1.5B | ||
| Q1 25 | $13.3B | $1.4B | ||
| Q4 24 | $13.4B | $1.4B | ||
| Q3 24 | $12.8B | $1.4B | ||
| Q2 24 | $13.3B | $1.1B | ||
| Q1 24 | $12.8B | $1.0B |
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.68× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | 0.75× | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.64× | 0.27× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $864.3M | $28.9M |
| Free Cash FlowOCF − Capex | $823.7M | $22.7M |
| FCF MarginFCF / Revenue | 181.0% | 9.8% |
| Capex IntensityCapex / Revenue | 8.9% | 2.6% |
| Cash ConversionOCF / Net Profit | 5.99× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $28.9M | ||
| Q3 25 | $223.3M | $61.8M | ||
| Q2 25 | $271.9M | $60.6M | ||
| Q1 25 | $223.4M | $27.3M | ||
| Q4 24 | $811.5M | $11.6M | ||
| Q3 24 | $233.6M | $66.8M | ||
| Q2 24 | $274.0M | $62.7M | ||
| Q1 24 | $201.8M | $22.4M |
| Q4 25 | $823.7M | $22.7M | ||
| Q3 25 | $214.5M | $58.7M | ||
| Q2 25 | $257.7M | $57.7M | ||
| Q1 25 | $215.9M | $22.8M | ||
| Q4 24 | $777.5M | $8.5M | ||
| Q3 24 | $225.3M | $61.3M | ||
| Q2 24 | $263.3M | $59.6M | ||
| Q1 24 | $191.0M | $17.5M |
| Q4 25 | 181.0% | 9.8% | ||
| Q3 25 | 44.8% | 21.2% | ||
| Q2 25 | 56.3% | 21.9% | ||
| Q1 25 | 47.0% | 9.9% | ||
| Q4 24 | 178.1% | 4.4% | ||
| Q3 24 | 50.6% | 26.9% | ||
| Q2 24 | 62.2% | 26.3% | ||
| Q1 24 | 45.1% | 8.3% |
| Q4 25 | 8.9% | 2.6% | ||
| Q3 25 | 1.8% | 1.1% | ||
| Q2 25 | 3.1% | 1.1% | ||
| Q1 25 | 1.6% | 2.0% | ||
| Q4 24 | 7.8% | 1.6% | ||
| Q3 24 | 1.9% | 2.4% | ||
| Q2 24 | 2.5% | 1.4% | ||
| Q1 24 | 2.6% | 2.3% |
| Q4 25 | 5.99× | 2.81× | ||
| Q3 25 | 1.91× | 1.52× | ||
| Q2 25 | 2.20× | 1.48× | ||
| Q1 25 | 1.74× | 0.78× | ||
| Q4 24 | 5.64× | 0.43× | ||
| Q3 24 | 2.67× | 1.85× | ||
| Q2 24 | 2.52× | 1.62× | ||
| Q1 24 | 1.58× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
